Friday, January 18, 2019

New Zealand: Te Ahi O Maui Geothermal Power Could Reduce Power Bills by More than $300 a Year

Some Gisborne power bills could be about to fall by more than $300 a year, following the commissioning of a new $136m geothermal power plant.
First initiated in 2011, Eastland Group’s 25 MW geothermal power plant, Te Ahi O Maui, became operational in October last year after building started in earnest in 2017.

Now, Eastland Group chief executive Matt Todd said the Kawerau-based power plant’s performance, combined with the group’s ongoing investment in innovative electricity retailer Flick Electric Co, meant Eastland Group and Flick Electric had been able to announce a new electricity product for Tairawhiti: FIXIE by Flick.